Tax Exempt Savings Plan
Historical Bonus Rates
|
Year |
Annual Bonus Rates |
| 2010 | 0.25% of the basic maturity amount and 0.75% of previous bonuses |
| 2009 | 0.5% of the basic maturity amount and 1.00% of previous bonuses |
| 2008 | 1.00% of the basic maturity amount and 2.25% of previous bonuses |
| 2007 | 2.00% of the basic maturity amount and 3.50% of previous bonuses |
| 2006 | 2.00% of the basic maturity amount and 3.50% of previous bonuses |
| 2005 | 2.00% of the basic maturity amount and 3.50% of previous bonuses |
| 2004 | 1.75% of the basic maturity amount and 3.25% of previous bonuses |
The addition of bonuses is not guaranteed and therefore it is possible that the Tax Exempt Savings Plan might not receive any annual and/or final bonus from the With Profits Fund.
The exact amount of money that you get back from your Tax Exempt Savings Plan cannot be predicted as this will depend on the length of time you save for. Depending on the performance of the With Profits Fund, we may or may not also pay out a final bonus.
From time to time we may vary the design of a product or the way in which bonuses are distributed to best meet the needs of our members, this may affect the timing and size of future bonuses. Therefore the above table is provided for information purposes only and should not be considered an indication of likely future performance.
In February 2011, our Tax Exempt Savings Plan has been redesigned to better meet our members' needs. Given current market conditions, the new plan is backed predominately by fixed interest investments that offer a more stable but potentially lower long-term return.
For more detailed information about how we manage the fund,
see:
How you share in
the profits of Foresters
